Union Bank

Three stocks on the Nifty Next 50 index -- Union Bank, IndiGo and D-Mart moved above their 100-day averages today. While Union Bank and IndiGo sustained gains near the day's high, D-Mart struggled to hold its highs.

Union Bank board approves plan to raise Rs 10,000 crore

The board approved raising equity capital not exceeding Rs 6,000 crore in tranche(s) within the overall limit of Rs 10,000 crore through public issue — further public offer or rights issue or QIP, Union Bank of India said in a regulatory filing

Union Bank classifies BGR Energy Systems debt as NPA

The total outstanding borrowings of BGR Energy Systems from financial institutions added up to ₹3,758 crore, of which fund-based borrowings and non-fund-based borrowings were ₹1,400 crore and ₹2,358 crore, respectively.

PSU Bank stocks jump; BoFA bullish on Canara Bank, Union Bank and BoI

BoFA Securities says the consensus estimates for FY25 are still conservative for Public Sector Banks and sees the scope for a 10 to 20 percent upgrades in their earnings per share

Maruti Suzuki partners with Union Bank of India for dealer financing solutions

The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement.

NMDC, Union Bank, BHEL in red despite MSCI inclusion amid rush to book profit

According to insights from Nuvama Alternative & Quantitative Research, India could witness a substantial surge in Foreign Institutional Investor (FII) passive inflows

Union Bank of India becomes fourth PSU lender to cross Rs 1-lakh-crore valuation

The stock in 2023 jumped nearly 49 percent while so far in 2024 it advanced nearly 15.1 percent. The firm will report its December quarter earnings on 20 January.

Union Bank Q3 Net Profit seen up 58.5% YoY to Rs. 3,558.2 cr: Motilal Oswa

Net Interest Income (NII) is expected to increase by 9.2 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 9,423.2 crore, according to Motilal Oswal.

Union Bank loses early gains on profit-booking after 90% surge in Q2 net

For the quarter, Union Bank of India also saw it asset quality improve during the quarter, as gross NPAs fell to 6.38 percent, a 96 basis points decline.

Union Bank Q2 Results: Net profit jumps 90% YoY to Rs 3,511 cr, asset quality stays healthy

The net interest income (NII) for the quarter stood at Rs 9,126 crore, which is an increase of 10 percent compared to Rs 8,305 crore reported in the corresponding quarter of the previous fiscal

Gainers and losers: 10 stocks that moved the most on September 20

About 1,510 shares advanced, 2,034 shares declined, and 137 shares were unchanged.

Union Bank board approves raising up to Rs 5,000 crore via QIP, sets floor price

The bank's board has "approved the opening of the issue today, i.e. August 21", and will meet again on August 24 to consider and approve the issue price.

Union Bank jumps 4% in early trade post solid Q1 numbers

Motilal Oswal is bullish on Union Bank of India recommended buy rating on the stock with a target price of Rs 95

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Union Bank Q4 Net Profit seen up 73.9% YoY to Rs. 2,502.9 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 34.7 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 9,120.8 crore, according to Motilal Oswal.

Union Bank of India raises Rs 663 crore from bonds

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the Reserve Bank of India

Union Bank, Federal Bank start offering Kisan Credit Card in digital manner

Under the pilot projects, the lenders will do away with the need for physical documents such as land records and in-person visit to a bank branch to get KCCs.

MTNL fails to pay Rs 35.15 crore interest to Union Bank of India

MTNL has a total outstanding loan of 5,849.71 crore to be paid to Union Bank of India (UBI). The loan was raised from Union Bank of India, Andhra Bank, and Corporation Bank.

Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal

It expects to make recoveries worth Rs 10,000 crore from accounts under the National Company Law Tribunal (NCLT) for resolution of bad loans in 2022-23, the bank said during an analysts conference call post June 2022-23 quarter earnings announcement last week.

Union Bank June quarter net profit up 32% at Rs 1,558 crore on lower bad loans

Its core interest income also rose at a healthy rate. Its core interest income also rose at a healthy rate.

In a first, Union Bank of India launches virtual banking lounge on Metaverse

As per sources, country’s largest lender State Bank of India (SBI) is also in final stages of launching a Metaverse store.

Who is A Manimekhalai, Union Bank of India's new CEO?

Manimekhalai started her career in 1988 with Vijaya Bank

Bank of Maharashtra tops list of PSU lenders in terms of loan growth in FY22

It was followed by the State Bank of India and Union Bank of India with 10.27 per cent and 9.66 per cent growth, respectively.

Union Bank classifies accounts of Srei Equipment Fin, Srei Infra Fin as 'fraud'

Union Bank will be initiating the appropriate legal proceedings in this regard in due course of time, the lender said in an exchange filing.

Union Bank Q4 Net Profit may dip 9.5% YoY to Rs. 1,204 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 38.8 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 7,500.6 crore, according to Motilal Oswal.